Virovitica, July 12, 2007 – Viro sugar factory and AZ Voluntary Pension Funds announced founding of a voluntary closed pension fund for the workers of the factory.
On that occasion Željko Zadro, procurist of Viro sugar factory stated: „We want to be a responsible employer and enable our employees to invest in their safe future. Last year we enabled them to buy the factory’s shares, and now, in cooperation with AZ pension fund, we encourage them to save through a voluntary pension fund. As the fund patron, we will subsidy voluntary pension savings with 1200 kuna annually for each employee-member of the fund “.
Reminding that voluntary pension savings is one of the most profitable forms of saving, because it is the only financial product on the Croatian market that encloses state subsidies and tax relief, Krešimir Gjenero, Director of Allianz ZB, Management Company for voluntary pension funds, expressed satisfaction with Viro choosing AZ fund as a partner. He stated that „AZ pension funds are the leading pension funds on the market. AZ opened voluntary pension funds have more than 43% share based on the number of members, and Management Company of AZ voluntary pension funds manages two open funds and three closed voluntary pension funds. Our voluntary pension funds have extremely good results and in the three years the average annual yield was around 12%. Our experience and results are the guarantee for effective and quality management of this Fund.
By founding this fund Viro sugar factory as a socially responsible employer shows great care for its employees through a long-term project with the goal of ensuring its workers a good pension. „ |
